Friend,
Right now we are facing down a significant challenge for the new Congressional term. According to the Treasury Department, the Biden administration plans to take “extraordinary measures” to prevent exceeding the debt ceiling as early as Thursday.
Rather than increase the debt ceiling, which would prevent us from defaulting on our existing bonds and ward off a recession on a global scale, Republicans would choose to gut vital social programs like Social Security and Medicare and leave citizens struggling to get by. A debate on the debt ceiling could result in another government shutdown, and it would hold Americans hostage to the will of the GOP.
That’s why we need to make our voices heard now. Tell President Biden he must increase the debt ceiling to prevent a wide-scale recession.
The United States has never defaulted on its debts in the past. The mere threat could cost the government billions and eliminate millions of jobs. President Obama attempted to negotiate with Republicans in order to raise the debt ceiling in 2011, but those negotiations yielded an agreement that prolonged the Great Recession, led to the downgrading of the United States’ credit rating, and nearly resulted in cuts to Social Security and Medicare.
We cannot afford to take piecemeal measures to avoid a debt ceiling breach. The only way we can continue to provide for Americans is to increase it.
Sign if you agree: Biden must demand a debt ceiling increase as a bare minimum.
In solidarity,
Ro
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